Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Reaches New 1-Year High – Time to Buy?

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $29.47 and last traded at $29.44, with a volume of 71772 shares changing hands. The stock had previously closed at $29.05.

Fidelity MSCI Real Estate Index ETF Stock Up 1.4%

The firm’s fifty day simple moving average is $28.19 and its 200-day simple moving average is $27.72. The company has a market cap of $1.46 billion, a PE ratio of 34.96 and a beta of 1.00.

Institutional Trading of Fidelity MSCI Real Estate Index ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. AE Wealth Management LLC lifted its position in shares of Fidelity MSCI Real Estate Index ETF by 30.8% in the fourth quarter. AE Wealth Management LLC now owns 1,614,618 shares of the company’s stock valued at $43,417,000 after acquiring an additional 380,393 shares in the last quarter. Lido Advisors LLC lifted its stake in shares of Fidelity MSCI Real Estate Index ETF by 9.3% during the third quarter. Lido Advisors LLC now owns 1,334,794 shares of the company’s stock valued at $37,121,000 after buying an additional 113,386 shares during the period. Citizens & Northern Corp lifted its stake in shares of Fidelity MSCI Real Estate Index ETF by 32.2% during the fourth quarter. Citizens & Northern Corp now owns 1,087,071 shares of the company’s stock valued at $29,231,000 after buying an additional 264,741 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Fidelity MSCI Real Estate Index ETF by 81.6% during the third quarter. Envestnet Asset Management Inc. now owns 966,894 shares of the company’s stock valued at $26,889,000 after buying an additional 434,332 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Fidelity MSCI Real Estate Index ETF by 7.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 815,738 shares of the company’s stock valued at $21,935,000 after buying an additional 54,228 shares during the period.

About Fidelity MSCI Real Estate Index ETF

The Fidelity MSCI Real Estate Index ETF (FREL) is an exchange-traded fund that is based on the MSCI US IMI\u002FReal Estate 25-25 index. The fund tracks a cap-weighted index of US REIT and real estate companies across the entire market-cap spectrum. FREL was launched on Feb 2, 2015 and is managed by Fidelity.